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Old 09-21-2011, 02:10 PM   #29
zimmy
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Join Date: Oct 2003
Location: Bethany CT
Posts: 2,877
Quote:
Originally Posted by RIJIMMY View Post
you're only taxed on the gains, not the initial investment so not sure its double taxation
for your pleasure -
Buffett Rule: Sounds simple but ... not so much - Sep. 20, 2011
Bingo. Some of my take on it... so guy A goes to work, makes $50,000 busting his arse in the mill or whatever and gets hit @ 25%. Multi-millionaire ceo gets $100,000 or whatever capital gains from money sitting an account and gets taxed on that at 18% (not sure what the percentages actually are). Not sure that is a reasonable policy.

No, no, no. we’re 30… 30, three zero.
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